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(1) In this section—"existing limited liability partnership" means a limited liability partnership whose registration is continued under subsection (2);"repealed Act" means the Act repealed by section 37.(2) The registration of a limited liability partnership under the repealed Act is, if in force under the repealed Act immediately before the commencement of this Act, continued under this Act.(3) All rights, powers, liabilities and duties, whether arising under the repealed Act or any other law, that immediately before the commencement of this Act were vested in, imposed on or enforceable by or against an existing limited liability partnership are continued under this Act.(4) All legal proceedings pending by or against an existing limited liability partnership immediately before the commencement of this Act continue under this Act.(5) The partners and managers of an existing limited partnership in office immediately before the commencement of this Act continue to hold office as the partners and managers of the partnership.
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